Taurus and Aktionariat Partner to Trade Tokenized Shares
Taurus and Aktionariat have joined forces to facilitate the trading of tokenized shares for small- and medium-sized enterprises (SMEs) in Switzerland using the Taurus Digital Exchange (TDX).
According to a statement, Aktionariat’s technology will convert company shares into blockchain-based tokens on the Ethereum network. The initiative will first be introduced to RealUnit Schweiz, an investment company, and will go live in November.
Tokenized Shares: A New Frontier for SMEs
This partnership aims to enhance liquidity for Swiss SMEs by enabling their shares to be traded as tokens on the TDX platform. Tokenized shares will allow investors to hold equity digitally and offer the choice between bearer shares and registered shares.
Victor Busson, Chief Marketing Officer at Taurus, detailed that tokenized shares provide the same economic and social rights as traditional shares. Unlike cryptocurrencies, if tokenized shares are lost, new tokens can be issued in line with the shareholder registry.
RealUnit Schweiz: The First Issuer
RealUnit Schweiz, which tokenized its shares through Aktionariat in April 2022, will be the first to list its tokenized shares on TDX. CEO Dani Stüssi stated that being admitted to trade on TDX is a natural progression to increase accessibility and liquidity for investors.
Broader Implications of Tokenized Shares
The collaboration between Taurus and Aktionariat is poised to make a significant impact. By admitting shares tokenized by Aktionariat to TDX, Taurus opens up its platform’s wide network of banks, investors, and retail clients. This move is expected to improve access to capital for SMEs and provide more trading opportunities for investors.
Taurus Expands into Credit Tokenization
In December 2023, Taurus also partnered with German fintech firm Teylor to begin tokenizing SME loans. This effort aims to provide tokenholders with monthly cash flows and enable smaller investments and trading by professional private debt investors on blockchain-based secondary markets. Lamine Brahimi, Managing Partner and Co-Founder at Taurus, highlighted that this marks the first instance of private debit portfolio tokenization, broadening the scope of financial instruments that can be traded on the blockchain.
Conclusion
The collaboration between Taurus and Aktionariat represents a significant step in the evolution of financial markets. By leveraging blockchain technology to tokenize shares and other financial instruments, these firms are paving the way for increased liquidity and new investment opportunities for SMEs and investors alike.
